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<br /> ,�`..,� ,_ � LAflll NO 6�553 � � � •
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<br /> `° - - amaunt s�ciard to dtscf�ar�tt�s Qen ptu�erry easts end e8omeys'tees ar ct�r char8aslhat ccut�exruff as e�esuR ot s Po�tosiue or sale .�F`.. ` . _
<br /> - �" ' :` ' under SRs itsn. la atty cor�st.TtustOt 8li08 defand it581t 8nd isrtQet end sheD�4y enit�g 1��erd b61�+9 etdtl�eamet�t egairtst tha '..'' .. ,• .
<br /> p9rpAectY•T n�s tor s h a 4 earae I,e n d�s 9 e n a E d�fl o n a l o b B g e 9 u n d e r e n 1 1 s u re t Y b on4 flaNst�ed tn the ce�esl P�ooes�nSs ,��`'.;: .° •�,�
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<br /> t_� EYIQE�tcs a!Paym�M. Tnistcr shaU upan Qem�nd Nnds!►to l�ndar sa�stactotY���of 08Y�ne�ot fAe t�es ar esse�menb and st�aD _ , `•.�t j°;,, `�'
<br /> • autRorTZa I�e epDroD�Ba`��r�tat atfict3l to 4�v�r to Lendar et anY 4me a wc[tten statement ot th��and a�ards sgatasllhs �:,i- (.;=4`,-
<br /> ptaperly. �
<br /> ' ` tSotleE!o!Con�•Trustsr shaU nat�l tenQer at fe�st 6fteen(1�days betoro aaY�rark ts corrtmertced.xnY s�Moes ara flunis�ed.or a�l► o_ '.
<br /> � ` matertats e1e suA➢C�to the Prop6dY.u enY mecf�e 4�en.ma�shr�!Ps aen..or othsr�Sn coutd Oe assarteQ an aocoimt ot 1hs wartc. F .
<br /> _ ` servte6y.of rtsate�d..e.1i.s.T r�t�w i D upan re q u�4 o i l e r►d e r f w n L�h t o Lendsr�dvar�ce sssuraiross salLsfacto►f►to ter�Har tktt Tn�shn ean and vM : • '. .
<br /> � , ✓"kj �y���$W������ E.'`.� lr •r:. ,. .
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<br /> _� :_ - �o�rr oa6e�F u�suaazt�.me roQcw�vro�o�s�ur�co�sun�ma�opsrt�►are e aa��tn�s oese m t�+. , �.
<br /> � T� b�a�►�enette�ot U�ueaee. Tna[ar s�aD proc�e end matnmtn poii�ss of fBa tnsnrance wBh�an amowd�sudi88dda�evatto eDP�ce�n at e�► �`�� _���
<br /> �laeeara�d basls tor U�s fldJ t�aurabte value t�vertn9 e���ra�a�on ihe(tEa!F�raA�sueh oUu�As�rd end QaD�tY�nsu�a�e as LenQer
<br /> � •. •'!'� ` ���f coinsuranoa ctause.and v�h a s�masrd ma�egsa c►ause tmres oi LenQar.to8�� . _ < _-`•.�s;"
<br /> . may++easonebfy ce4utre. Pa�shaD be v�rUlsn(n farm.amau�9.�and basis reesonabH secaPfsbia to Lender and ts�t�d bY e .,�
<br /> compsny ar ec+rt�antes reasanabN�te to Lender. Trustor.uAon reQuast of Lender.wN deIIver b Lender trom Eme to ttme th9 paIICt�s L :
<br /> ar ceAiBCates ot Usurance in tocro sat�iac�orU to Lendar.indudin9 sHDutafloas that coversSeg�a+m not bo cano�ted ar dtm(n�tsed w8ftiout et ,�_',�
<br /> � �� ` ` .� tsast ten(t��P�►w�RGan no4o0 to Lender. Each trtstnanca Po3cY atso shall indude sn enQmsemen�Dr4'rldtztg tlut covsraga tA�a! . , . ,V
<br /> ' ' lendes wID not�e im�ahed in any w8Y OX eeY ecL omk�sion ar defa�Gf at Tt�star or arry oU�pmson. 3hot�d Be�Rsa!Ptopet[y st essY H� � ,••,. --
<br /> � ' �'' ` hecoma torsled In an erea Qesi9t�ated by tha Diredor of fhe Fed�al Ema�Bert�y�Ba�aBBm�t ASe��11�s a sD�8aod ha2ard cuea.t'n�ta► : � �.
<br /> . . egrees to ostatn end matr�ain Fedewl Rond Insu�an�e tar the t�l er�atd Prtndpal b�r�of the toan.aD to Ine m�mum O�Y�� ` �
<br /> ur�der the Na9onei Rood tnsuraa�Program,or as othera�ise raqWred by Lender.and to mai�in such U�s�uance for the term oi the toen. ��;"`
<br /> � < :�•�, ADDIIe�on o!ProceeGQ.Tnatar shau PramPiN�Y Lender of arry fass ar damage to it+e Ptopedf►. lander maY�P�oo1 of(oss t!Tn� -
<br /> taRS 4o do so wifhin fiftsen(15j days of tha r�suatty Y�tt�ether or rtot Lendefs seaai�►Ls tmpatred.Lender maY.et Rs etecdon.�eeeNe snd tetein �k r.'.
<br /> ths Proceeds of e�ry tnsurance and ePPhl�Orooesds to the redadton of ihe tnQ9btedne�s,DaY�nt of anf►Uen at�ecEng tA9 ProDBKf/.or fhs - .. _
<br /> �,I �estmaHnn end reAeU ot fA�ProDeRf►. (f Lender eteds!o eDD►Y�D��to�toratlon and repait,Tnster shs0 reAatr ar c��1�
<br /> � damage0�dsstroYgd tmprovemenb tn a manner�ory to Lender. LenCet st�a(1.u0on s�s�dory Oroot ot such expen�4ue,paY or
<br /> " relrt�burse Trusta trom ths proceeds ta 1 h s reaso n a h i a w s t o f�D a l r a r�e s t o�on ff Tn�tor is not in deiaWt un�Ws Oeed af Tn�. AnJ/
<br /> ,. •� prop�s whict�hava not Eeen d�tirsed witfiin i80 days efter th�r cec�pt en0 which Lsnder has rtat eommlKed to the repeU�restcr�9on oT : _ —
<br /> rsed
<br /> -- _.-,�..-;:`; 9re PrapeM sha6 ba used 6rst to paY�Il emo[mt owin9,to Lender undar U�IS Degd at Trust,inen ta GaY��i�teresL snd the ramainQe4�
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<br /> ' " am►.shell ba apAQed��prtncipal batance ot the tndebteQnsss. If Lender hotds any pcaceaQs efter PeYment M tun cf t�a tnQehtedness,st�ah , ,. .
<br />_ ... ...E pr�eeds shaU be paid to Trtistor as TtustofS interesls maY eaP� •�� _
<br /> - . ,- - . ; 4hftxDtreO Insurartee ai S�s.AnY un�cDired tns�uanea s h a 1 1 inwe fi t he O e n e fi t o f,a n d p a s s t o.t h e p u r c h a s e r oi tfre Fio O e r�►coveted bl►U�ts �_
<br />-�� . . Oeed of Tnrstat enY trustse's sata m oth�sete hetd under trie provislo�M th(s Deed of Tn�sf.a et anY torect�ura saie ot such PcoP�fl• .���-
<br /> ' " - Comprienee wttli ExLsfing tnQeBbadnes� Ou�fng trte Pedod id wNch arry 6ds6ng tn d e b t a d n e s s Q�e d b e t o w f s!n e ft e d.eon+Pi►anoe+� �=, :--.-—
<br /> � fhe Tnsurence Provtslons cordafie0!n the ir�Urument evidencing such E�dsltng Indebtedn95s sha0 wn5tiiute Gomp��+fith the tr�s�aince
<br /> -- - . . .',`:.S Provtsions under thls Oead of Trust.b!ha extent compAance with tt►e tertns of this Daed ot Trust viou(d cor�titute a duptfea8on ot insuranca �'�'�_ -
<br /> rsqtdrement 11 arry P��from Ure insirance become PaYeble on lass.the Pravisions in B�Ls�eed of TAUt far�vision of Or�eds shaU � --
<br /> . �; eDPN�N to that porBOn of the procee�not payabte to the hotd�ot tRe F�dstln9 fnQeQisdne59. _
<br /> ta com wfih an1►Rto�lcn of ttda Oeed of TnisL indudtrtg arry abtt�gatlon to met�aln E�s9� �+� -
<br /> Q�1TIfRES BV LgIdD6R. I!Ttustar taits DiY etl
<br /> " � IndebteEness tn good standing as re4uVed Eetaw.or q arry ecdon or ptaceeding ts cammenCed tnat wautd matertaUy a8ec1 Lendefs t�b inBr3 �t u� .
<br /> ProPeM.Lender on Tnistars behaU may.bN s�a11 rtot be�equtred to,taJcs enf►ecUon that Londer daems aAAmPAate. Ar►S►amourd that Lender � _
<br /> � wmen�fi so Going wID bear interest at the rate provi�e d tar�te an deman0. N)bedadded to the�Tbalance of the N en0 bo ePpoN�or►ed ama�g ��� _-°
<br /> . T r u s t o r. A O s u c t��e n s e s.ffi L B n Q e r S e A U o n.w i i l (a) P a Y B b '`
<br /> an0 Oe PaY�ie wfth any h�stalfinent payments to become due duria9 efther (�tha term a t aof►eDA�te i n s u r a n a p a B e Y m(f f)t h e w m a t rt l rt g t s r m : "-_
<br /> •'�_ ' Ot ih9 Note,Ot (c)be treated es a�11oon paymar►t whicA witl De due and payabla et iha Hote�s maturttyr. TNS 0e3d Ot TNSt elsD w1A SBCUr�
<br /> ' e U�Had o ace0urd of tA8 etauH.�MY sucA acUOn by LsnCera s�haU nof�be construednas curing tl�e det�a es�ot bar Le der om 8nit reme�fha!� ���} _,_.-_�.
<br /> ' � , ft othetwise w0�td have had ., ; _�`-
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<br /> ' ,, - ` WARRASIITY;O�ISE OF Tl11.E.The tallowing provfslons reta8ng to owne�ship oi the Property 8re a peA at itils Oeod otTnul. �;.,°... , .,
<br /> : ;,, '' �zy.
<br />� • � � Tttla. Tnisior wartants thax (e)Tnistor ho►ds good and maAcetab�e UUe ot r�ord to tAe Propertyr tn tee sfmpte,tres end dear of atl Rens end . :
<br /> encumbranops other than those set foAh in the Real ProDeRy d85pipdon m in tfie ExTSUng IndebteQness secUon betOw or in atry UUe tnsuraaa9 ,
<br /> � . tpiAl rtghf,powpe,aed authority to�ex�uta a�d deUver�th(s Oeed of Tnist to Lert�(r tn Connectton wftA this Ceed o1 T�wM,end (b}Tnistor has ths- . _
<br /> - OCTE11E0 Of TttlQ. StlbjeCt t0 fti9 6XCeAtiOn U�fhe par8$teph ebOVe�Tt1�SOf tv8R8nts ettd Will fO�OVBJ defetld thS ttSe tO the�tOp^�11y 8581�� ` c . ..__
<br /> �� • �y���p{�perspns, tn the event any actlon m praoee�ng ts commenced that quesftor�a Trustors b'U9 or 4�t�t of T�or =_
<br />- Lendar�der thts Qesd of TnrsL TmsMr sAail defend the acUon at Trustor's wcpensa Tragttor may be tt►e nominai par[y�n sucA P�a�em�0�ti� ---
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<br /> � '� Lsndar shaH be entitted to D�►dDate In the pro�e0tng and to ba represented in the praoeeding by eaunsel ot Lendeta own ehotee.end _ .
<br /> 7n�stpf wID daIIvmr.ar cause to be deIIvered.to tartder such instrumenb as Lender m&y tepues9 hom Urtre to Umo to pOrrNt suct�DarHrdPstian.
<br /> . � +� '�;`' Campllanee YJitA L+rta►a Tnutor wartanb that the Property an0 Tnrstofs uso of the ProAe►tY Comp��YAtA aD�8shn8 eAPti���� ..
<br /> ' orNnanoes.and regutauons ot govemment�authodties. • . . •
<br /> �. - ^ - � . p��ST�Np�1�L9�TEpT1FSS. Yhs totlovring pravisions conoeming exls4ng indebtedn�s(the"F�dsUng Ind9btadness'�are e pert ot tNs beed of ..
<br /> : • . Tntst ' . .
<br /> � EtQstin�Lten. The Uen of this DeeO af Trus!secudng tha InQebtedness maY De secondary anA infedor to an e�dSUng lien. Ttustot eo�tessty . .
<br /> • • cpvenants and agrees to pay,or see to the payment o1.the ExLting tndeDtedaess and to prevent any Aefaui!on such IndebteQness9,any d¢fautt ,
<br /> �. � under tha instruments evlQancing sucb indebteQness,ar any Qefault under any securlty dacuments for sueh InCebtedness. � • .
<br />�• � : �• 084au1b tf lne Dallment ot arry insta►Imant ot pdncipat ar any Interest on the E�dSUng tndehtedness I9 not made witNn thB Ume requhe0 by lAe . • .
<br /> • • note evideneing such indebtedness,or shouid e default ocxur under the Instrument securin9 sucA indebtadness and nW be cured d�uin8�Y .
<br /> o ur
<br /> ' �p�1e te,a dphts Oeed o1 Trust shall be�pdetaNL�nder,the IndebteQness secured by this Deed of Trust sha11 become tmmedtatehr Qv0 .
<br /> � . and payab ' , :
<br /> � � No MadiftcaUon. Trustor shail not enter irRO anY agteement with the hotder ot any moRgage.Qeed of Wst,or other seCUdry agreemorA w�'cfi .,
<br /> has pAOdty over tlds Oeed of Trust by wh1Ch thal agreement is momAed.emended,extend80.or rertewed�vitDOUf tho prlor wrQten consenl of •
<br /> � LenQer. Tivatar aheU ne::t�u request nor accepi eny tuhue edvences unEer any sucA seeuAly c►greemeM vVRt�out fh0 prtot�wAtten Consent ot ,
<br /> ., . Lender. .
<br /> . COHDEf�lNATION.TAe toibwing provlsions relaUng fo condemnaUOn proceedings are a paA of this Oeed of Trust. �
<br /> � � � � � ' AppBeatton of flot PraeeeQ�. If ell or any paA of iha Propertyr is eondemne0 Oy eminent domsin pr�eeemngs a by any prQOaeding at � .
<br /> purchaso in ileu o}condemnaUon,Lender mey at its etectlon require that e0 or ar►y portlon o1 the net praCeeds of the awer0 be applled to the .
<br /> tndebtedness a fh9 repah or restomtfon ot ihe Property. The ne!procaeds of the award shell mean the award aRar peymsnt of till�easonable •
<br /> � ' costs,expe�e9,and etlorneys'fees InCUrred by Trustee or Lender in connecUon with the condemnaflon. .
<br /> ' '� • prueeeGlnss. N any proceeding in condemna�on Is fited,Trustar shall prompUy noUly Lender tn wridng,and Trustrn shell prompUyr take sucA :
<br /> steps es may 6a necessary to detend the acUon and obteln lhe award. Trustor may be ths naminsl pady In sueh proceeding,but Lender shafl ,
<br /> � • be er�illed to paAicipato in the proceeding and to be represented in the proceeding by Caur�el of its own cholca,an0 Tnistor�D deiivar or :
<br /> -'° ' cause to be deWered to Lender suCh instrumenfs as may b9 recp+ested by N irom Ume to Ume to permlt suCh paRtclpaUOn. ,. . .
<br /> �� �• IPJIPOSf7tOH OF TAXES.FEF_S AND CHARGES BY GOVERNPlEHTAL AUTKOAITIES. The totlowing proNstons reffiVng to govemmentel t�c�. _ ;
<br /> _ � . • fees and cherges are a paA o1 thls DeeO of Trusl: . •
<br /> Curreni te�cee,Fe$a MA Charaea Upon request by LenQer,Trustor shatl execute such Cocuments in add�UOn to tAls Des�of trust and fake
<br /> ' ' ' whataver other acUon is requested by Lender io perfeCl and conUnue Lender's lien on the Real Proparty. Trustor shatl reimburse Lendar fOr a11
<br />-= " , . � taues,as described betow,together vrith all expenses mcurred In recording,perfecling m coniinu►ng ihis Oeed ot Trust,inctudirsg�.lthouf � . -
<br /> :=-
<br /> , _ _, . . limltaflon 811 texe9,fee9,documentary stemps,end other charges for recording or regfstedng this Deed ot Trus1. , �
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